Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️ - page 205. (Read 169030 times)

Greetings!





GOLD is GoldMint's cryptoasset. It’s value is aligned to the current LBMA price of gold. One GOLD equals one ounce (31,1035 grams) of gold (999 quality) on the stock exchanges + 5% commission (max.)




MNTP is initially released via ICO, after which MNTP tokens will migrate to the GoldMint blockchain, using a 1/1 fork. Then they will receive an MNT ticker.




"You can use GOLD assets for the following:
Exchange fiat to cryptocurrency - Right now the fiat-cryptocurrency exchange market exceeds $400 million. Experts predict that this will reach billions once banks regulate the cryptocurrency industry.
Hedge volatility risks - Traders and other cryptocurrency users can hedge their gold commodity with GOLD on any cryptocurrency trading exchange, without leaving that particular platform. Traders can also diversify their trading portfolio with GOLD assets.
Payroll unit- Given its low volatility, you may prefer GOLD to BTC and altcoins for paying employees. Because of its low commissions, high speed, and affordability (no extra charges for transborder payments), you can also use GOLD instead of fiat for regular deals.
ICO currency - ICOs can ask for GOLD donations instead of regular cryptocurrency funds to hedge the high volatility risks that tend to accompany cryptocurrency.
Buy and transport physical gold - You can convert your physical gold into GOLD in any bank that uses the GoldMint blockchain platform. This not only protects cross-country gold transportation but also simplifies the process."


With regards,
team GOLDMINT

What can i do with gold assets?

How can MNT tokens be purchased?

Looking good. Got my eye in this. What will happen to the classic chain.

What is gold?

Greetings!




The miner can buy more from from other miners on the network.




MNT token does not imply rights to participate in company management of GoldMint and is not a share.




Details of the miner rotation, miners’ rewards and incentives as well as details related to Custody Bot operations (e.g., assessment, weight, when allocated and withdrawn). Also stored on Graphene are all details related to GoldMInt’s GOLD transactions.



With regards,
team GOLDMINT

Which data will be stored on graphene blockchain?

Interesting... Watching!

Does mnt act like a goldmint share?

What happens if the miner doesn’t have enough computing power to verify a transaction?

Greetings!




"Release  of  MNT  tokens  are  done  by  Ethereum-based  smart  contracts,  specially  used  for distribution of tokens.   
80% of 10 000 000 MNT are released during ICO launch. 
GoldMint  team  receives  two  million  MNT  tokens,  and  no  more  than  500  000  per  quarter distributed via a special wallet. 
Some consultants receive MNT tokens two months after ICO launch. 
Smart contracts can automatically trade ETH into MNT. 
The number  of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint.  "




If the borrower defaults, his GOLD cryptoassets are transferred to GoldMint.




The amount payable to the investor is the following: SUM = (1 + (X / 12) * T) * Q where the number X (i.e., x%) is set by GoldMint based on market conditions. T= the amount of months the gold was loaned. Q= the interest tagged to the loan. Example: As of August 2017, the parameters would be X = 10%, Y = 28% per annum, and T = 1 year. This means that GoldMint receives 28% per year, an annual 10% of which goes to the investor.


With regards,
team GOLDMINT

This looks very worth watching.
Seriously.

How is my income calculated? (provide an example here as well)

What happens in case the loan is not repaid?

How will be distributed tokens during ICO event?

How can MNT tokens be purchased?

Greetings!


GOLD token Transaction fee is 0,3%. 75% of it goes to the validators. Each block is validated by one of the validators active. Blocks are spread between validators according to their value and tokenholders stakes. What is X? In your calculations it appears as a transaction fee but it is 0,3.


GOLDMINT.io

GOLD tokens always have a price tied to gold troy ounce and nobody would be interested to buy more expensive than it is. We are going to have two tokens one is MNTP appearing on our crowdsale, another is GOLD which appears after the launch of our Graphene based blockchain.

With regards,
team GOLDMINT

Greetings!


GoldMint is a blockchain-based company that helps gold owners trade, loan, invest in and use their GOLD assets, that are 100% backed by physical gold, for profit.


GoldMint buys, sells and repurchases GOLD at the current market price for physical gold. The company uses exchange-traded funds (ETF) or physical gold (of 999 quality) as its security. GoldMint's gold reserves equal or exceed its mined amounts of GOLD.


75% of GOLD commissions are sent to miners/ MNT holders as rewards for verifying blocks. The other 25% are directed to charity and platform development.

With regards,
team GOLDMINT

Greetings!


This segment has been chosen because our founders have an operating business with $12M and 400kg gold turnover. They buy unwanted gold jewellery, process it and then sell it wholesale to jewellers. They know what lacks to the physical gold market and here is their solution. We have a compliance review made by american lawyers that our MNTP tokens can't be determined as securities.


After the ICO all ERC20 exchanges would be able to list our MNTP tokens. We have a compliance review and we share it with our potential participants in our telegram chat. https://t.me/goldmintio


You are talking about MNTP tokens be selling on our upcoming ICO from 20th of September $7 each. They are not gold-backed and will bring profits to the holders via the PoS consensus algorithm according to their stakes. Stakeholders will validate transaction blocks verifying GOLD token transactions. GOLD token price is tied to the troy gold ounce price. I would like you to read our White Paper for more details. GOLDMINT.io/white-paper

With regards,
team GOLDMINT

how are the commissions distributed?